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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Sail Mining Group's Revenue for the
six
months ended in Aug. 2021 was R395 Mil. Sail Mining Group's average Accounts Receivable for the
six
months ended in Aug. 2021 was R76 Mil.
Hence, Sail Mining Group's Receivables Turnover for the
six
months ended in Aug. 2021 was 5.22.
Sail Mining Group (JSE:SGP) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Sail Mining Group Receivables Turnover Related Terms
Sail Mining Group Receivables Turnover Historical Data
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The historical data trend for Sail Mining Group's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Sail Mining Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sail Mining Group Receivables Turnover vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sail Mining Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Sail Mining Group's Receivables Turnover falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sail Mining Group (JSE:SGP) has a Receivables Turnover of 5.22 as of Aug. 2021. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Receivables Turnover too high?
Sail Mining Group's current Receivables Turnover is 5.22. The Metals & Mining industry median Receivables Turnover is 9.40. Sail Mining Group's value of 5.22 is 44.5% below this industry median.
How does Sail Mining Group's Receivables Turnover compare to BHPBF?
Sail Mining Group's Receivables Turnover of 5.22 can be compared against companies in the Metals & Mining industry. The industry median Receivables Turnover is 9.40. Sail Mining Group's value of 5.22 is 44.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Metals & Mining company?
The median Receivables Turnover among Metals & Mining companies is 9.40, based on 780 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sail Mining Group's current Receivables Turnover of 5.22 is 44.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Sail Mining Group and its competitors. For the Metals & Mining industry, the median Receivables Turnover is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sail Mining Group's current Receivables Turnover is 5.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Receivables Turnover of 5.22. The current Receivables Turnover is 5.22 and 44.5% below the Metals & Mining industry median of 9.40. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current Receivables Turnover is 5.22 as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.
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